Member Info for hope9

Thanks

Is he due to address conference today. If so anyone know time. Cheers GLA

Well undervalued on today's news IMHO I would hope a swift return to the £40+ price would be fair. GLA

Stop buying! I don't get paid till tomorrow.

We will always need water. The govt couldn't afford to take the water industry over (look at Thames fiasco) OFWAT has obviously failed and the new planned remedial expenditure appears to be over a five year period. Dividends attract investment and are not extortionate so will probably continue as now. Unfortunately it is an easy target for politicians to take on to avoid more difficult problems . More treatment resevoirs and overhaul off the emergency outfall situation is obviously needed. I am sure the leading players in the industry of which we are one will overcome the problem .

The share price has a long way to go if the broker recommendations are right. GLA

Not far off what UU wanted. Roll on December

I presume someone has seen the OFWAT recommendations due tomorrow. GLA

Recent discussion in various quarters about sewage emergency overflow and the perceived difficulties remind me of the halcyon days of fishing in the Thames estuary near the Towers (about 4 miles east of Southend pier) in a boat.

On a calm day on the ebb tide we would see the Bovril Boats (sewage carrying vessels - usually two) which sailed further out to sea and discharged as I recall 20000 tons each of sewage from London. On the flood tide later we would see on a calm day a brown line stretching across the estuary (5 miles at that point) which drifted slowly back towards London.

I often felt this contributed to the excellent quality of the eels and shellfish in the area.

The removal of sewage particularly following storm overflow will be assisted by the new huge main now completed across London. Perhaps with the wartime PLUTO in mind an extension could be added similar to the oil rig connections to run the problem much further out to sea for use only in extreme conditions? The final answer must surely be to build further sewage farm capacity or perhaps add two extra sealable containers for council collection as in times past. Just a thought .

According to press today the commencement of private court action against 5 companies including UU will commence in September. If upheld (certification of the complaint) it could be 3 years before any fines are made. Ofwat is monitoring but Thames is not included at this stage! My thoughts are that as UU has already made provision for millions to upgrade an already utility leading service and notification of sewage spills have apparently followed the OFWAT guidelines which allow companies to grade the leaks themselves the possibility of sanction or fines seems remote. Any thoughts anyone?

Has there been an approach? What's behind the climb?

Which January?

What are your calculations for this figure?

Mickey1

I don't think I'd like to swim in either thanks!! The article referred to is somewhat vague as many journalistic efforts are. The sentences Leaked documents "suggest" don't give any hard facts. The reference further on to 200 reported incidents of which 60 cases "appear to have been downgraded" is equally vague. The leak in the lake was admitted by the company director involved and all cases were signed off by the EA. I would agree the EA were not doing their supervision properly in 2022 and this must be tightened up. However to agree to the downgrading means they must have been correctly reported by the company. Cool heads and hard facts are required to remedy the situation . Good luck with your swim!

With thousands of ducks, geese waterfowl and other birds as well as thousands of fish defecating daily into the lake I wonder how that compares with the occasional UU leaks referred to. How many tons per year from the birdlife? Balance required

Over the last week then large buy after hours tonight. If the storm doesn't blow the sewers again this could climb further especially with the bond market turmoil. GLA

It seems we are still in the top ranked sector and have avoided the refund order given to other less well-performing companies. We appear to be able to make increases if necessary an update on the sewage problems would be welcome. GLA

Bubblepoint

Heartened to see you predicting an Indian summer. We've only had four warm days recently. If as you seem to predict we have a warmer winter I will be delighted to keep my gas bill down and leave the bedsocks in the drawer! GLA

Todays announcement of NO bids for the 7 windfarm sites in auction mean heavier reliance on gas power. I would expect forward gas prices to reflect this shortly and the SP to react. GLA

I would think all who are currently invested would be taking all movements and news personally. However if certain large holders sell there is a buyer and the MMs take the opportunity of lowering the SP to make their living. The volume of shares does not change nor that of the perceived volume of recoverable gas. I repeat no one has come up with how much of today's priced gas is needed for the currently known debt. All the best. GLA